Tuesday, June 30, 2009

THE LESSON IS TO KEEP YOUR ASSETS IN YOUR PERSONAL POSSESSION

Swiss Banks Shun Americans as U.S. Compels Disclosure: UBS AG and Credit Suisse Group AG, the country's biggest banks, have told Americans to move their money into specially created units registered in the U.S., or lose their accounts. Smaller private banks such as Geneva-based Mirabaud & Cie. are closing all accounts held by U.S. taxpayers. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_8VwpO5m0WQ

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